Warum wird die Deutsche Bank nie wirklich bestraft?

$17 billion in fines since 2008—and Deutsche Bank is still standing. No collapse, no CEO in prison. Just the next payment. Before we get to LIBOR, Russian black money, or Jeffrey Epstein, let's tell a story that begins in 1943: Deutsche Bank's Katowice branch financed the construction of the IG Farben factory in Auschwitz-Monowitz. The bank was completely dissolved in 1948 for this reason—and rebuilt in 1957 by Hermann Josef Abs, himself part of the pre-war leadership. From there to the raid on the Frankfurt headquarters in 2018 and the Cum-Ex settlement in 2026, a pattern emerges that we will unravel piece by piece in this episode. ``` 🎯 IN THIS EPISODE: ✅ How Deutsche Bank's Katowice branch financed the construction of the IG Farben factory in Auschwitz-Monowitz ✅ Why the bank was completely dissolved in 1948 — and who rebuilt it in 1957 ✅ The $2.5 billion LIBOR fine and the resignation of Jain and Fitschen ✅ How $10 billion disappeared from Russia via "mirror transactions" ✅ The 170-officer police raid on the Frankfurt headquarters (2018) ✅ Why the bank reported record profits in 2025 despite $17 billion in fines ⏱️ CHAPTERS: 00:00 - Introduction: $17 Billion Fine 02:57 - Chapter 1: The Bank That Once Had to Be Dissolved 04:54 - Chapter 2: The Rise to Global Superpower 07:34 - Chapter 3: The First Cracks 10:33 - Chapter 4: The Moment of Truth 16:41 - Chapter 5: Who Pays the Price? 21:58 - Conclusion LIST OF SOURCES U.S. Department of Justice: "Deutsche Bank's London Subsidiary Sentenced for Manipulation of LIBOR" (2015) CNBC: “Deutsche Bank hit with $2.5B fine due to rate rigging” (2015) CFTC: "Deutsche Bank to Pay $800 Million Penalty to Settle CFTC Charges of Manipulation... of LIBOR and Euribor" (2015) Lexology: “Deutsche Bank found £226.8 million by the FCA for LIBOR and EURIBOR failings” (2015) New York State Department of Financial Services: "DFS Fines Deutsche Bank $425 Million for Russian Mirror-Trading Scheme" (2017) Seven Pillars Institute: “Case Study: Deutsche Bank Money Laundering Scheme” (2017) U.S. Department of Justice: “Deutsche Bank Agrees to Pay $7.2 Billion for Misleading Investors in its Sale of Residential Mortgage-Backed Securities” (2017) International Monetary Fund: “Germany: Financial System Stability Assessment”, IMF Country Report No. 16/189 (2016) Bloomberg: “Deutsche Bank May Be Top Contributor to Systemic Risk, IMF Says” (2016) New York State Department of Financial Services: “Superintendent Lacewell Announces DFS Imposes $150 Million Penalty on Deutsche Bank in Connection with Bank's Relationship with Jeffrey Epstein…” (2020) Forbes: “Deutsche Bank Owes $150 Million Fine For 'Suspicious' Jeffrey Epstein Transactions” (2020) LTO (Legal Tribune Online): “Money Laundering Suspicion: Raid at Deutsche Bank” (2018) NZZ: “Deutsche Bank: Raid in Frankfurt Because of Panama Papers” (2018) Handelsblatt: “Deutsche Bank: Raid on Suspicion of Money Laundering” (2018) onvista / hessenschau.de: “Deutsche Bank Pays in Cum-Ex scandal: 29 million euros owed to the tax authorities (2026) Handelsblatt: "Cum-Ex scandal: Deutsche Bank agrees to tax repayment" (2026) World Socialist Web Site: "The Deutsche Bank, Auschwitz and German business's compensation fund" (1999) — Summary of the historical investigation into the bank's Nazi-era activities Deutsche Biographie / Frankfurter Personenlexikon: Biographical entries on Hermann Josef Abs Tagesspiegel: "Deutsche Bank: The Hermann Josef Abs myth is crumbling" finanzen.net: "Out of risks: Deutsche Bank shares fall to record low" (historical price data 2016/2018) Yahoo Finance / Reuters: "Twists and turns in Deutsche Bank's modern history" (2025) — Total "more than 17 billion dollars in fines since 2008", CEO chronology Ackermann/Jain/Fitschen/Cryan/Sewing Tagesspiegel / finanzen.net: "Merger failed: Deutsche Bank will not take over Commerzbank" (2019) eFinancialCareers: "Deutsche Bank plans to cut 18,000 jobs, primarily in investment banking" (2019) SRF / dpa (photographer Oliver Berg): Images and report on Josef Ackermann's "victory sign" in the Mannesmann trial (2004); Tagesspiegel: "The silence of Josef Ackermann" Deutsche Bank AG: Speech by Christian Sewing at the 2025 Annual General Meeting; Bloomberg: “Deutsche Bank’s Christian Sewing Could Be Longest-Serving Sole CEO” (2025) — Contract extended until 2029, record profit of €9.7 billion before taxes in 2025 wallstreet-online / stock3 / nfs-netfonds: Report on Deutsche Bank’s derivatives notional volume (€59.2 trillion in 2011; €46-52 trillion in later years) Stuttgarter Nachrichten: “€6.7 billion: Deutsche Bank expects enormous loss for 2015” eurotopics.net / Valdai Club: Report on Ackermann’s statements that Deutsche Bank would not need government support in 2008, unlike Commerzbank #DeutscheBank #FinancialScandal #CapitalFile